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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREEClear out junk files and repair common Windows errorsFree Scan →Systems Limited said it crossed PKR 100 billion in market capitalization on August 31, 2021, when its share price was PKR 740.93 and its market capitalization was PKR 102 billion. The company described itself as the first Pakistani information technology company to reach that threshold. These are historical figures, not a current valuation.
When did Systems Limited cross the PKR 100 billion threshold?
Systems Limited’s announcement, dated January 17, 2022, says the milestone occurred on August 31, 2021. The announcement reported a share price of PKR 740.93 and said that price valued the company at PKR 102 billion in market capitalization. Read the company’s announcement.
What does the PKR 102 billion figure mean?
Market capitalization is the share market’s valuation of a company’s equity at a particular point in time. Here, PKR 102 billion is the valuation Systems Limited reported in connection with its PKR 740.93 share price on August 31, 2021. It is not the company’s revenue, profit, cash balance, or a valuation that should be treated as current.
Share prices and market capitalization change over time. For a present-day figure, use current exchange data and note its date; the Pakistan Stock Exchange profile provides listing information and market data, while cautioning that some displayed data can differ from issuer-reported figures. View the PSX company profile.
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Was Systems Limited Pakistan’s first IT company to reach this market value?
Systems Limited’s 2021 milestone announcement calls it the first Pakistani information technology company to cross PKR 100 billion in market capitalization. The company repeated the claim in its 2023 annual report, describing itself as the first and only Pakistani IT company to reach the milestone. A PSX-hosted investor briefing also describes Systems Limited as Pakistan’s first IT company to reach Rs. 100 billion in market capitalization. See the company’s annual reports and PSX investor briefing materials.
These sources corroborate the claim as stated in company and exchange-hosted disclosures; they do not amount to an independent historical audit of every Pakistani IT company’s market capitalization.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What does Systems Limited do?
The Pakistan Stock Exchange describes Systems Limited’s principal activities as software development, software trading, and business process outsourcing. In its 2023 annual report, the company said it operated in more than 16 countries. That business context does not, by itself, establish what caused the share price to reach the level associated with the 2021 milestone.
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